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Rupert Murdoch's 21st Century Fox has reported a profit of $1.3 billion in its first earnings report as an independent entity.
The company earned revenues of $7.06 billion in the first fiscal quarter ended September 30.
According to news.com.au, the profit was below most analyst forecasts and down 44 % from comparable figures a year earlier.
Revenue was up 18 % from a year earlier and ahead of most projections.
